Palazzo Versace Dubai has announced that it will now allow guests to use cryptocurrencies to pay for dining, stays and spa experiences at the property.
To do so, it has partnered with cryptocurrency infrastructure provider Binance to allow guests the option of paying using BNB, Bitcoin and Ethereum. These transactions will take place through the Binance payment gateway.
Starting September 7, the property has begun to allow guests to use this new payment option. It added that the next phase, online payment integration, will go live soon after.
Palazzo Versace Dubai will also accept cryptocurrency payments on their e-commerce platforms which include gift vouchers and its flower shop.
“Palazzo Versace’s ability to now accept payments in virtual assets is a reflection of how the hospitality industry in Dubai is at the forefront of innovation as we move into a more digital world. Payments is just the beginning and we look forward to building on this partnership together,” said Nadeem Ladki, head of Business Development for Binance in the MENA region.
Last year, the hotel launched a bidding platform which allowed guests the option to bid for a stay at the property located in the Jaddaf Waterfront.
Earlier this year, it confirmed that it will it will join the Global Hotel Alliance (GHA). The Dubai-based GHA reportedly represents a collection of 40 brands with over 800 hotels in 100 countries serving 21 million members. GHA’s brands include Anantara, Corinthia, JA Resorts, Kempinski, and Nikki Beach, among others.